Carribean blue water beach with sand
Simplicity Mortgage Logo

OUR BLOG: READ THE LATEST

Mortgage Knowledge.   Industry Updates.   Market Insights.   Local Happenings. 

Search

Cash Flow Loans: Perfect for Investment Properties! Daytona, New Smyrna, Port Orange, Ormond & FL

Updated: Jun 2

Ready to take advantage of the passive income generated by an investment property?


Simplicity Mortgage can help you up the profits! We have a variety of unique loan options available, including loan programs specifically designed for investors. These loans feature competitive interest rates on investment property mortgages and outside of the box loan qualification requirements, which can increase flexibility for borrowers and simplifies the qualification process. Whether you are looking for a beach front vacation rental or a longer term suburban rental property, Simplicity Mortgage has a loan option to help you secure (or refinance) your income generating property!


Investor Cash Flow


This loan is created specifically for property investors. Loan qualification is based on the income to be generated by the subject property. Use 100% of the lesser of current or market rents as determined by the appraiser. For rented properties, provide leases in place. If vacant, 100% of market rents may be utilized. The borrower does not need to provide income or employment information to qualify or as loan conditions. There are no debt to income (DTI) ratio limits, which are often a part of traditional loans that can limit a borrower's ability to qualify. For additional flexibility, there are interest only options available - allowing you to personalize the loan product to help you achieve your financial goals. The loan can be utilized by a business and closed in an LLC, partnership, or corporation.

  • Credit scores as low as 575

  • No debt to income ratio

  • No income or employment information required

  • Loan amount up to $3,500,000

  • Vacant properties use up to 100% of market rents

  • Interest only options

  • Multiple financed properties allowed

  • Warrantable, non-warrantable, and condotels

  • First time home buyers are not allowed

  • Applicants eligible are US Citizen, Permanent Resident Alien, and Non-Permanent Resident Alien with the following visas: E, G, H, L, O, P, and TN


Bank Statement


A borrower qualifies for this loan based on an analysis of bank deposits, rather than traditional income documentation (W-2's, etc.). There are several options utilized to calculate the qualifying income. This qualification process can be utilized for both business or personal bank statements. Tax returns are not required. Must own 25% or more of the business to utilize business bank statements.

  • Loan amount up to $3,500,000

  • As low as 10% down payment for owner occupied

  • Debt to income ratio up to 55%

  • Interest only options are available

  • Business and personal bank statements allowed

  • Business ownership of 25% or more

  • 7/1 and 10/1 ARM

  • 15, 30, and 40 year fix rate term

  • All occupancy types are allowed (primary, secondary, investment)

  • Gift funds are allowed for funds to close


1099 Only


This loan is for those who receive compensation in the form of commission or independent contractor basis, and are provided an IRS form 1099 at the end of the year. To qualify, the borrower must have a minimum of one year self-employment (with prior work related experience). This loan has three qualification options so it can be tailored to fit the borrower's purchase scenario.

  • Loan amount up to $3,500,000

  • Purchase with as little as 10% down payment

  • Rate and term refinance up to 90% loan to value of the appraisal

  • Cash out up to 80% of the appraisal

  • Debt to income ratio up to 55%

  • Minimum of one year self-employment with prior related experience


Asset Qualifier


Eligibility for this loan is based on liquid assets in a savings or securities account. You don't need to provide tax returns or traditional income documentation to be approved. This loan options allows the homebuyer to use assets for qualification without tying them up in the home purchase.

  • Purchase with as little as 10% down payment

  • Rate and term refinance up to 90% loan to value of the appraisal

  • Cash out up to 80% of the appraisal

  • No income or employment information required

  • Qualification is based on assets only

  • No debt to income ratio

  • Loan amount up to $3,500,000


Flex Qualifier


This loan allows a homebuyer to purchase a primary or secondary home without traditional income or tax returns. As it's name would imply - this option is quite flexible and can help you reach your purchase in ways other loan options don't allow for. This loan program is ideal for self-employed, small business owners, varied or irregular income, retired, seasonal workers, owners and employees of cash businesses, newly self-employed, transitioning due to life events, recent immigration, and disqualified income.

  • Primary and secondary residence

  • Income documentation not required

  • Income not required

  • Debt to income ratio not calculated

  • Bank statements/assets must be seasoned for at least 30 days

  • Only the first page of the bank statements are required

  • Max purchase price of $3,000,000

  • FICO as low as 640

 
Simplicity Mortgage offers Real Estate Investor Loans in Port Orange, Ormond Beach, Daytona Beach, 30A, Investment Property, Real Estate Investment, Mortgage Broker, Lender, Loan, Financing, Interest Rate, Mortgage Payment, Mortgage Calculation, Loan Qualification, Loan Application, Mortgage Closing, Investor, Conventional Home Loan, VA Loan, FHA Loan, Bank Statement, Cash Flow, Financing, Amortization, Cash Out Refi, Rate and Term
Investor Cash Flow Loans from Simplicity Mortgage
 
Freddy Kling, Broker & Owner Simplicity Mortgage, Financing, Conventional Loans, Mortgage Rates, Home Loans, Investment Properties, Mortgage Payment, Interest Rate, VA Loan, IRRRL, Streamline Refinance, FHA Loans, Home Value, Refinance, Rate and Term Refinance, Ormond Beach,  Port Orange, Florida, Daytona Beach, Condo Loan, Rental Property, Home Purchase, Loan Calculation, Shorehom, Oceans 8, Ocean Walk, St Maarten, Ashley, Ocean Villas,

Meet the Author:

Freddy Kling, Broker for Simplicity Mortgage


Simplicity Mortgage is a one stop mortgage shop, where my team and I make homeownership dreams come true. Our extensive portfolio and simplified loan process allows us to close loans quickly and successfully, while providing each client an exceptional customer experience.

I come from a family of entrepreneurs and have always understood the value of integrity, challenging work, and dedication. It is extremely important to me that clients and referral partners appreciate that I am available and responsive around the clock.


I have been a resident of Florida for over 40 years and graduated from Embry Riddle Aeronautical University with a bachelor's degree, majoring in computer science and a minor in mathematics. Before the mortgage industry, I was a Senior Principal Program Manager for the world’s fourth largest software company.


My wife and I were certain that our combined areas of expertise would enable us to open a mortgage company that stood out from others not only by offering more loan options, better interest rates, and less costs but by also ensuring we had the most sophisticated technology and highest level of security to meet today’s digital challenges. We have built an outstanding team of employees who not only complement each other’s skill sets, but also work very together resulting in a positive and simple closing on your next purchase or refinance.


Call me today to discuss your real estate goals!



 

Why Choose Simplicity Mortgage? More Options Under One Roof!


Our portfolio of over 15 different lenders across the nation allows us to leverage a large variety of loan programs other lenders and banks may not have the ability to offer. Self-employed? Cash flow/no income? Investment? Renovation? We've got it all and great rates! Simplicity Mortgage is a locally owned & operated mortgage brokerage committed to exceptional customer service.


- Port Orange - Ormond Beach - Daytona Beach -

- Daytona Beach Shores - New Smyrna - Flagler - Orlando -

- Jacksonville - St Augustine - Inlet Beach - 30A -

- The Keys - Tampa - Clearwater - Winter Park -


From the panhandle to the oldest city, from the gulf to the Atlantic to the keys, and everything in between! No matter where in Florida you are looking to buy or refinance, call Simplicity Mortgage today at 386-401-9000!